BTC Isn't Panacea, CEO Ripple Says

CEO Ripple said that the BTC blockchain is "quite slow," whereas XRP transactions are "a thousand times faster"
06 June 2018   1119

Brad Garlinghouse from Ripple told CNBC that Bitcoin wouldn't solve the problems that people thought it would.

I think it's (bitcoin) not going to be the panacea that people once thought it would be, where it would solve all of these different kind of problems... Instead, you're seeing specializations of different kind of ledgers, different kinds of blockchains.

Brad Garlinghouse

CEO, Ripple

Garlinghouse noted that XRP transactions are "a thousand times faster" than bitcoin's, which he called "rather slow."

It is true that bitcoin is much slower. During the interview, the average BTC transaction was 42 minutes according to, while XRP transactions take about four seconds, although it should be noted that the Bitcoin trade volume is much larger than that of XRP.

Well, I don't really think about it as one versus the other. I mean, it's actually unfortunate, I think, that there's some people in this, the crypto space, the blockchain space — for them, it's almost a holy war of one versus the other. I don't look at that at all. I think that what we're seeing is the overall growth of this space and there will be many winners.

Brad Garlinghouse

CEO, Ripple

At the moment, Ripple is prosecuted in lawsuits by a person who lost money in XRP trading and who now claims that the company has violated the US Securities Act.

RippleNet Now Has Over 200 Participants

According to Brad Garlinghouse, during 2018, RippleNet was replenished with 100 financial institutions
09 January 2019   225

RippleNet was joined by 13 more financial institutions. Now network has more than 200 participants.

New partners of RippleNet are Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual / USEND and Rendimento.

JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank involve the XRP token in their operations. Ripple is confident that this digital asset is great for cross-border payments, as it increases their speed and reduces costs.

According to Ripple CEO Brad Garlinghaus, during 2018, RippleNet was replenished with 100 financial institutions.